Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in SPDR Gold MiniShares Trust (NYSEARCA:GLDM)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,298,460 shares of the company’s stock after purchasing an additional 133,100 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in SPDR Gold MiniShares Trust were worth $67,507,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management grew its holdings in shares of SPDR Gold MiniShares Trust by 25.5% during the 4th quarter. Brookstone Capital Management now owns 99,042 shares of the company’s stock valued at $5,149,000 after purchasing an additional 20,124 shares during the last quarter. FMR LLC grew its stake in shares of SPDR Gold MiniShares Trust by 50.2% during the third quarter. FMR LLC now owns 7,425 shares of the company’s stock valued at $387,000 after buying an additional 2,480 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of SPDR Gold MiniShares Trust by 7.2% in the third quarter. Exchange Traded Concepts LLC now owns 3,125 shares of the company’s stock worth $163,000 after buying an additional 210 shares during the period. Mutual Advisors LLC lifted its stake in shares of SPDR Gold MiniShares Trust by 27.5% in the 4th quarter. Mutual Advisors LLC now owns 13,510 shares of the company’s stock valued at $727,000 after acquiring an additional 2,914 shares during the last quarter. Finally, Seven Post Investment Office LP boosted its holdings in SPDR Gold MiniShares Trust by 1,539.1% during the 4th quarter. Seven Post Investment Office LP now owns 69,418 shares of the company’s stock valued at $3,609,000 after acquiring an additional 65,183 shares during the period.

SPDR Gold MiniShares Trust Stock Performance

GLDM opened at $56.57 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $39.35 and a 1 year high of $57.12. The stock’s 50 day simple moving average is $53.23 and its 200 day simple moving average is $51.85.

About SPDR Gold MiniShares Trust

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.